So many people are missing the big picture regarding gaming stocks. Player acquisition costs CAN be expensive. Taxes and fees do deteriorate margins. Even so, Sportsbooks make some money. iGaming, however, is a cash cow! The progression or plan was always to build market share and databases of players. DFS>Sportsbooks>iGaming. Look at Michigan. Books doing 5-7x revenue in their iGaming over OSB. If a handful of states go iGaming, dkng, RSi etc could be 10 baggers. They are buyout opportunities at worst right now. If you trade risk v reward, dip your toes in, the water is fine.
